Government official warns of ‘apocalyptic’ food shortages

A governor for the Bank of England is warning about an “apocalyptic” shortage of food that could be coming because of Russia’s invasion of Ukraine.

The U.K. Standard reports Andrew Bailey told members of parliament of the possibility of a catastrophe.

“I’m afraid the one I’m going to sound I guess apocalyptic about is food,” he told members of the Commons Treasury Committee.

The report explained his concern, following a meeting with the Ukrainian finance minister recently, is over future supplies of many staple foods.

“Two things the Ukrainian finance minister said, one is Ukraine does have food in store but it cannot get it out at the moment. Two, Ukraine is a major supplier of wheat, a major supplier of cooking oil, he was pretty optimistic about planting interestingly, but he said at the moment we have no way of shipping it out as things stand,” Bailey said.

“That is a major worry and it is not just a major worry for this country, it is a major worry for the developing world as well. Sorry for being apocalyptic but that is a major concern,” he said. – READ MORE

Related Articles

(PREMIUM) PAINE IN THE MORNING: 13 things you need to know this Monday – June 6, 2022

There is also an ad free audio version of this episode you can listen to HERE JPMorgan CEO warns economic ‘hurricane’ is approaching America: ‘You’d better brace yourself’ – JP Morgan Chase & Co. CEO Jamie Dimon warned Wednesday that an economic “hurricane” is forming that could unfortunately make landfall in the United States. Speaking at…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

(PREMIUM) PAINE IN THE MORNING: 12 things you need to know this Wednesday – March 9, 2022

  There is also an ad free audio version of this episode you can listen to HERE. Biden Ban On Russia Energy Applies To ‘All New Purchases’ — Will Allow 45-Day Winddown On Existing – President Joe Biden’s ban on imports of Russian fossil fuels will be ‘immediate’ according to a US official, and apply…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

Responses